Americold Realty Trust : COLD Investor Presentation Spring 2026

About this update from Americold Realty Trust, Inc.

Strengthening our Foundation to Unlock Long-Term Growth Corporate Deck | June 1, 2026 Americold - A Compelling Growth Opportunity 1 Global leader in the attractive cold storage industry with an integrated network of high-quality, strategically located mission-critical warehouses 2 Unique value proposition with unparalleled expertise, partnerships with industry experts, scalable infrastructure, and leading technology and operating systems 3 Execution-focused and well positioned strategy centered on solutions, operational excellence, and experienced leadership 4 Multiple growth drivers with a capital allocation strategy supported by a blue-chip customer base, unique partnerships, and diverse asset network 3 1. Global Leader in Cold Storage 4 Significant Scale & Expertise from 120+ Years of Experience Significant Scale Global Footprint Cubic Feet / Warehouse Count ~1.4B/53M Cubic Feet/Square Feet of Total Capacity ~5.2M Pallet Positions 224 Warehouses North America 1,154M / 179 Europe 105M / 23 Connectivity Conventional & Automated Presence at Every Major Node 12,000 Associates ~2,900 Customers South America 10M / 2 Asia Pacific 86M / 20 5 Note: Figures as of March 31, 2026. Figures may not sum due to rounding Cold Storage Industry Market Share 1,154M cubic feet 179 facilities 1,355M cubic feet 1 224 facilities Note: Americold portfolio figures as of March 31, 2026. Figures may not sum due to rounding Figures do not include Americold's Middle Eastern investment in the RSA JV The remaining 41% and 78% of the North American and global markets consist of ~3.0bn cubic feet and ~19.7bn cubic feet, respectively 6 A Global Leader in Highly Fragmented Market Americold provides mission critical infrastructure from production to consumption Produce Distribute Consume There are four primary 3PL cold chain nodes and Americold has solutions in each one: Production Support (Production Advantaged) Distribution Support (Forward Distribution) Import | Export Support (Port) Store Distribution (Retail) 7 Americold is Essential to the Cold Chain Deep Customer Relationships Drive Growth Opportunities Compelling Value Proposition Top 25 Customers Best-in-class customer experience Strategically-located network of facilities Comprehensive value-added services High standards of quality, reliability, and food safety Commitment to innovation through automation and strategic partnerships ~50% of Warehouse revenues (1) ~39 years average tenure 100% use multiple facilities, average of 16 sites 100% utilize committed contracts/leases 13 customers are investment grade (2) Based on LTM Warehouse revenues as of March 31, 2026 Represents long-term issuer rating as of April 2026 8 Experienced Management Team Committed to Increasing Shareholder Value Significant experience in real estate, third-party logistics, and grocery retail Robert Chambers Chief Executive Officer COLD: Joined 2013/Appointed 2025 ~21 years experience Richard Winnall President, International COLD: Joined 2019/Appointed 2024 ~24 years experience Chris Papa Chief Financial Officer COLD: Joined & Appointed 2026 ~23 years experience Scott Henderson Chief Investment Officer COLD: Joined 2018/Appointed 2023 ~24 years experience Bryan Verbarendse President, Americas COLD: Joined 2023/Appointed 2025 ~33 years experience Nathan Harwell Chief Legal Officer and People Officer COLD: Joined & Appointed 2023 & 2026 ~27 years experience History of Significant Growth AFFO (in millions) 31% AFFO Growth $1.11 $1.27 $1.47 $1.43 $1.38 Refocus on 4 key strategic priorities: labor, customer service, pricing, developments Re-commercialization initiative across the business Announced strategic partnership with DP World Announced strategic partnership with CPKC Launched Project Orion Completed and launched 5 automation projects Hiring and retention initiatives deliver $100M in incremental services NOI Project Orion improved labor productivity and efficiencies Grew same store service margins by 911 bps to 12.9% Completed Houston acquisition to support retail growth Increased quarterly dividend by 5% Achieved target of 60% of rent & storage revenue from fixed commitment contracts Rob Chambers appointed CEO Introduced 5 key priorities to support future growth Chris Papa appointed CFO Announced formation of the Americold EQT Joint Venture Reconciliations of non-GAAP measures to the most comparable GAAP metrics are included within our quarterly financial supplement for the first quarter ended March 31, 2026 as filed with the SEC on May 7, 2026 2. Unique Value Proposition Scalable Infrastructure Conventional & Automated capabilities at all nodes of the supply chain Unique Value Proposition Driven by Unparalleled Expertise and Scalable Infrastructure Strategic Partnerships providing unique growth opportunities exclusive to Americold Advanced Operating System ensures best practices across entire warehouse network Leveraging Technology to drive efficiency and productivity gains Production Advantaged Forward Distribution Retail Distribution Port Facilities Americold Advantages ~90% owned network of high-quality, strategically located warehouses Deep relationships with top customers spanning decades Technological expertise and best-in-class operating system Growth Strategy Continued growth in retail Leverage expertise into foodservice, e-commerce, convenience, drug and dollar stores Expand non-core products, such as pet food, pharmacy, floral Growth with CPKC to enhance cold storage supply chain through rail Potential presence in Mexico through strategic partnerships Ability to Leverage Strong Market Presence in North America Europe Dubai Americold Advantages Presence at all nodes in the cold storage supply chain in Europe Americold Operating System implemented throughout Project Orion implementation underway to centralize/streamline multiple processes Growth Strategy Significant white space to grow presence in retail and QSR sectors Expansion into foodservice, mass merchandising, convenience, e-commerce, drug stores, club stores, and dollar stores Expand geographic presence including fast-growing Middle East region with lots of white space, partnerships give us strategic advantage Production Advantaged Forward Distribution Retail Distribution Port Facilities Scalable Platform in Europe and Middle East Americold Advantages Region is highly economically occupied Specializes in fast turning and operationally intensive retail/QSR business Decades long relationships Americold Operating System and Project Orion implemented throughout Recent wins with On The Run expands capabilities into convenience sector Growth Strategy Production Advantaged Forward Distribution Retail Distribution Port Facilities Existing customers are growing and requesting additional development support Expansion into adjacent channels, such as convenience, mass merchandise, e-commerce, drug stores, club stores, and dollar stores Leverage partnership opportunities in Southeast Asia Significant Growth Opportunities in Asia Pacific Production Advantaged Single tenanted Long-term fixed commitment agreements Requires deep customer relationships Located in largely rural areas close to harvests Americold's Critical Infrastructure at Every Node % of total warehouse revenue for the last twelve months ended March 31, 2026 Ports Multiple tenants Few fixed commitment agreements High-turning Leverage strategic partnerships Retail Distribution Center Single tenanted Long-term fixed commitment agreements High-turning and operationally intense Largely insourced today Forward Distribution Multi-tenanted mixing facilities Located near large population centers Fewer fixed commitment agreements Multiple customers served Core Operating Expertise Enhanced by Best-in-Class Partnerships 2022 Top Five Global Port Operator 2023 One of NA's Largest Railroad Companies DP World Canadian Pacific Kansas City Operational Partners Highlights Kansas City, Missouri First-of-its-kind rail-attached facility supporting the closed loop cold chain service between Mexico and US utilizing intermodal, bypassing customs, reducing transit time by approximately one day and reducing total cost. Completed in partnership with CPKC, opened Q2 2025. Port St. John, New Brunswick, Canada Import/Export Hub will store and handle temperature sensitive food moving through the port, providing a more efficient route for Canadian food imports & exports, expected to open Q2 2026 Port of Jebel Ali, Dubai Import/Export Hub is the first to offer both bonded & non-bonded service and enables global food Producers to connect directly with regional Retailers and Distributors. Opened Q2 2025. Technology Differentiation: Improving Efficiency and Lowering Cost Warehouse management system (WMS) provides visibility to ensure orders delivered on-time and in-full (OTIF) Labor management system (LMS) optimizes workforce and delivers high service levels to customers Transportation Management System (TMS) ensuring comprehensive national delivery network visibility Warehouse Execution System (WES) facilitating industry-leading automation services Project Orion ERP Standardize processes, reduce manual work and improve analytics 415+ Identified Gen AI Use Cases Leveraging embedded AI with tech partners 3. Growth Drivers & Well-Positioned Strategy Americold Operating System and Warehouse Management Expertise Customer Focus AOS distinguishes us from our competitors and is supported by our continuous improvement culture Advanced Integrated Systems Delivering standardized procedures Driving collaborative innovation Improving service Labor Optimization Safety Inventory Management Food Safety Focused Improvement Talent Stewardship Sustainability Excellence Optimizing value Asset Protection Maintenance Excellence Refrigeration Excellence Americold Operating System ensures best practices across entire network Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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